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TBS in The Times – The lucrative locations for downsizers

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Knight Frank
London and Country specialist property buying agents
08 Jun 2018  |   Jonathan Bramwell

Our baby boomers are sitting on £1.6 trillion pounds of property up and down the UK but with a lack of high quality stock many are staying put. There’s also the question as to whether it’s financially viable to downsize. Data specialists Hometrack have analysed the best locations to downsize from a three bedroom to a two bedroom property and we’re delighted to see that The Chilterns comes out top. According to Hometrack there is a £198,000 differential between an average three bed and two bed property across The Chilterns – a useful sum of money for retirement or to help support children or grandchildren on to the property ladder. Jonathan Bramwell, Head of The Buying Solution, highlights in today’s Times Bricks & Mortar how the trend is for many downsizers to look at market towns such as Marlborough, Cirencester or on a larger scale Cheltenham to find urban living in the Country.

The full article can be read here; https://www.thetimes.co.uk/edition/bricks-mortar/the-lucrative-locations-for-downsizers-mgs7m7lcm

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